Jurnee Smollett has been roped in for Netflix thriller ‘Lou’ opposite Allison Janney.

Helmed by Anna Foerster with a script by Maggie Cohn, the feature’s story is about a woman whose daughter is kidnapped, so she teams up with the mysterious older woman next door to pursue the kidnapper — a journey into the wilderness that will test their limits and expose dark and shocking secrets from their pasts.

‘Lou’ will be produced by Abrams, Jon Cohen and Hannah Minghella with Braden Aftergood, Janney, Smollett and Lindsey Weber acting as executive producers.

Jurnee Smollett was recently seen in the HBO series ‘Lovecraft Country’. She will next be seen in Netflix sci-fi feature ‘Escape From Spiderhead’. 
&nbsp;

Jurnee Smollett has been roped in for Netflix thriller ‘Lou’ opposite Allison Janney. Helmed by Anna Foerster with a script by Maggie Cohn, the feature’s story is about a woman whose daughter is kidnapped, so she teams up with the mysterious older woman next door to pursue the kidnapper — a journey into the wilderness that will test their limits and expose dark and shocking secrets from their pasts.

Jurnee Smollett has been roped in for Netflix thriller ‘Lou’ opposite Allison Janney. Helmed by Anna Foerster with a script by Maggie Cohn, the feature’s story is about a woman whose daughter is kidnapped, so she teams up with the mysterious older woman next door to pursue the kidnapper — a journey into the wilderness that will test their limits and expose dark and shocking secrets from their pasts. ‘Lou’ will be produced by Abrams, Jon Cohen and Hannah Minghella with Braden Aftergood, Janney, Smollett and Lindsey Weber acting as executive producers. Jurnee Smollett was recently seen in the HBO series ‘Lovecraft Country’. She will next be seen in Netflix sci-fi feature ‘Escape From Spiderhead’.

Jurnee Smollett joins Allison Janney in Netflix thriller 'Lou'

The CBI today filed its chargesheet against billionaire jeweller Mehul Choksi and 17 other entities, including companies owned by him and other individuals, in connection with the over $2 billion Punjab National Bank (PNB) scam, officials said. 
The chargesheet was filed before a special CBI court in Mumbai.

In the chargesheet, pertaining to an FIR against Choksi, the Gitanjali group of companies and 16 other entities (including companies and individuals), the agency has slapped charges of criminal conspiracy, cheating and under the provisions of the Prevention of Corruption Act, the officials said.

They added that this was a separate chargesheet from the one filed on May 14 against Choksi's nephew Nirav Modi and stressed that the present chargesheet pertained to the FIR against Choksi.

Supplementary chargesheets against Modi will also be filed soon, they said.

The FIR was lodged on the basis of a complaint from the PNB, dated February 13.

According to it, the alleged loss to the bank was over Rs 4,886 crore, arising out of 143 Letters of Undertaking (LoUs) and 224 Foreign Letters of Credit issued to the companies of Choksi, the officials said, adding that the total loss, allegedly perpetrated by the jeweller and his nephew Modi -- both absconding -- was over $2 billion.

It is alleged that the accused PNB officials, in a conspiracy with private persons, had sent the unauthorised LoUs and Foreign Letters of Credit to overseas branches of Indian banks for release of funds to the accused companies' suppliers or to clear the liabilities of the accused companies.

The accused PNB officials allegedly did not enter the instructions for these LoUs in their internal software to avoid scrutiny. They were sent through an international messaging system for banking called SWIFT, used to pass instructions among banks globally to transfer funds.

An LoU is a guarantee given by an issuing bank to Indian banks that have branches abroad to grant short-term credit to an applicant.

In case of default, the bank issuing the LoU has to pay the liability to the credit-giving bank.&nbsp

The FIR was lodged on the basis 0f a complaint from the PNB, dated February 13.

The CBI today filed its chargesheet against billionaire jeweller Mehul Choksi and 17 other entities, including companies owned by him and other individuals, in connection with the over $2 billion Punjab National Bank (PNB) scam, officials said. The chargesheet was filed before a special CBI court in Mumbai. In the chargesheet, pertaining to an FIR against Choksi, the Gitanjali group of companies and 16 other entities (including companies and individuals), the agency has slapped charges of criminal conspiracy, cheating and under the provisions of the Prevention of Corruption Act, the officials said. They added that this was a separate chargesheet from the one filed on May 14 against Choksi's nephew Nirav Modi and stressed that the present chargesheet pertained to the FIR against Choksi. Supplementary chargesheets against Modi will also be filed soon, they said. The FIR was lodged on the basis of a complaint from the PNB, dated February 13. According to it, the alleged loss to the bank was over Rs 4,886 crore, arising out of 143 Letters of Undertaking (LoUs) and 224 Foreign Letters of Credit issued to the companies of Choksi, the officials said, adding that the total loss, allegedly perpetrated by the jeweller and his nephew Modi -- both absconding -- was over $2 billion. It is alleged that the accused PNB officials, in a conspiracy with private persons, had sent the unauthorised LoUs and Foreign Letters of Credit to overseas branches of Indian banks for release of funds to the accused companies' suppliers or to clear the liabilities of the accused companies. The accused PNB officials allegedly did not enter the instructions for these LoUs in their internal software to avoid scrutiny. They were sent through an international messaging system for banking called SWIFT, used to pass instructions among banks globally to transfer funds. An LoU is a guarantee given by an issuing bank to Indian banks that have branches abroad to grant short-term credit to an applicant. In case of default, the bank issuing the LoU has to pay the liability to the credit-giving bank.

PNB scam: CBI files chargesheet against Choksi, 17 others

Punjab National Bank(PNB) <a href="http://www.wionews.com/india-news/pnb-scam-fallout-rbi-discontinues-letters-of-undertaking-35694">has detected another </a>fraud at the&nbsp;Brady House branch in Mumbai, according to the CBI.&nbsp;The fraud was<a href="http://www.wionews.com/india-news/scams-happen-due-to-loopholes-in-the-system-bank-officers-body-33865">&nbsp;committed at</a> the same branch in Mumbai where Nirav Modi&#39;s multi-crore scam was unearthed last month.

The CBI has registered a fresh case relating to the &quot;fraudulent&quot; issuance of Rs 9 crore of LoUs to Chandri Papers and Allied Products by PNB&#39;s Brady House branch, at the centre of a storm over a similar fraud by billionaire jewellers Nirav Modi and Mehul Choksi.

Retired PNB employee Gokulnath Shetty and single-window operator at the branch, Manoj Kharat, who are facing CBI probe in the Modi-Choksi case, have been booked by the agency in the fresh FIR registered by it, the officials said.

The agency has also named the company and its directors as accused in the case, officials quoted PTI as saying.

After filing the FIR on March 9, the agency carried out searches at various locations, sources told PTI.

The CBI has alleged that Shetty retired on May 31, 2017, and Kharat entered into criminal conspiracy with directors of the company Aditya Rasiwasia and Ishwardas Agarwal.

The agency has alleged that as part of the conspiracy to defraud the public sector bank, they got issued two Letters of Undertaking (LoUs) for $1.4 million (about Rs 9.09 crore at the rate of Rs 64 per dollar) favouring SBI Antwerp, Belgium, they said.

The due date of payment for the LoUs was January 20, 2020.

The fraud is alleged to <a href="http://www.wionews.com/india-news/scams-happen-due-to-loopholes-in-the-system-bank-officers-body-33865">have been committed at</a> the same branch in Mumbai where Nirav Modi&#39;s multi-crore scam was unearthed last month.

The fraud amounts to over 9 crores($1.36 million)&nbsp;of a company named Chandri Paper and Allied Products Pvt Ltd, CBI said.

Recently, the RBI had banned commercial banks from issuing Letters of Undertaking (LoUs) and and Letters of Comfort (LoCs) for trade finance as it was seen as a major loophole behind the PNB scam.

PNB had reported the fraudulent issuance of LoUs/Foreign Letters of Credit for payment of import bills and fraudulent transactions in accounts, amounting to Rs 12,967.86 crore.

Indian authorities have been trailing Nirav Modi and Mehul Chowksi ever since the scam was detected, however, their exact whereabouts are still unknown even though the CBI has sent notices through Interpol and IT officials.

A PNB spokesman had no immediate comment.

Punjab National Bank(PNB) has detected another fraud at the Brady House branch in Mumbai, according to the CBI. The fraud was committed at the same branch in Mumbai where Nirav Modi's multi-crore scam was unearthed last month. The CBI has registered a fresh case relating to the "fraudulent" issuance of Rs 9 crore of LoUs to Chandri Papers and Allied Products by PNB's Brady House branch, at the centre of a storm over a similar fraud by billionaire jewellers Nirav Modi and Mehul Choksi. Retired PNB employee Gokulnath Shetty and single-window operator at the branch, Manoj Kharat, who are facing CBI probe in the Modi-Choksi case, have been booked by the agency in the fresh FIR registered by it, the officials said. The agency has also named the company and its directors as accused in the case, officials quoted PTI as saying. After filing the FIR on March 9, the agency carried out searches at various locations, sources told PTI. The CBI has alleged that Shetty retired on May 31, 2017, and Kharat entered into criminal conspiracy with directors of the company Aditya Rasiwasia and Ishwardas Agarwal. The agency has alleged that as part of the conspiracy to defraud the public sector bank, they got issued two Letters of Undertaking (LoUs) for $1.4 million (about Rs 9.09 crore at the rate of Rs 64 per dollar) favouring SBI Antwerp, Belgium, they said. The due date of payment for the LoUs was January 20, 2020. The fraud is alleged to have been committed at the same branch in Mumbai where Nirav Modi's multi-crore scam was unearthed last month. The fraud amounts to over 9 crores($1.36 million) of a company named Chandri Paper and Allied Products Pvt Ltd, CBI said. Recently, the RBI had banned commercial banks from issuing Letters of Undertaking (LoUs) and and Letters of Comfort (LoCs) for trade finance as it was seen as a major loophole behind the PNB scam. PNB had reported the fraudulent issuance of LoUs/Foreign Letters of Credit for payment of import bills and fraudulent transactions in accounts, amounting to Rs 12,967.86 crore. Indian authorities have been trailing Nirav Modi and Mehul Chowksi ever since the scam was detected, however, their exact whereabouts are still unknown even though the CBI has sent notices through Interpol and IT officials.

Another fraud detected in PNB worth over 9 crores in Brady House branch: CBI

The CBI today arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from &#39;chawl&#39; as it continued its searches in connection with the USD 2 billion fraud.

Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today, the agency said.

Mishra was responsible for auditing the procedures and practices followed in the PNB branch and report them.

Officials said 13 more people were questioned today in addition to the questioning of those who are in CBI custody.

They said the more searches were carried out after information surfaced during questioning of some arrested accused and others persons.

The documents were hidden in a small room of a &#39;chawl&#39; in Wadala, a central Mumbai suburb.

The premises is believed to be that of Nirav Modi (not in name of the company).

The billionaire jeweller has refused to join the probe citing his business engagements.

The CBI made the first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency.

Sharma, a scale-IV officer, was responsible for auditing the systems and practices of the bank&#39;s Brady House branch--from Letters of Undertakings (LoUs) were issued-- and report the deficiencies with zonal audit office, they said.

Unfazed by Nirav Modi&#39;s reluctance to join the probe, the CBI, in a terse letter, &quot;directed&quot; him to approach the Indian mission in the country where he is residing so that immediate arrangement can be made for his travel to India, officials said.

The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said.

The agency had earlier asked Modi on his official email id to join the investigation related to Rs 12,636 crore scam pertaining to the fraudulent issuance of the LoUs and Letters of Credit (LCs) from Brady House branch of PNB in Mumbai in favour of his and his uncle Mehul Choksi&#39;s companies, they said.

The quantum of the alleged fraud perpetrated in the bank by billionaire jewellers Modi and Choksi stands close to USD 2 billion after the teams of the CBI and PNB found fresh LoUs and LCs worth Rs 1,251 crore related to Choksi&#39;s Gitanjali group of companies.

The PNB had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion).

The LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant. In case of default, the bank issuing the LoU has to pay the liability to credit giving bank along with accruing interest.

It is alleged that LoUs and LCs worth close to USD 2 billion were issued to the companies of uncle-nephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT (Society for Worldwide Interbank Financial Telecommunication) messages.

These messages were allegedly not entered in the banking software of the PNB to bypass surveillance.

Internal Chief Auditor, Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today

The CBI today arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from 'chawl' as it continued its searches in connection with the USD 2 billion fraud. Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today, the agency said. Mishra was responsible for auditing the procedures and practices followed in the PNB branch and report them. Officials said 13 more people were questioned today in addition to the questioning of those who are in CBI custody. They said the more searches were carried out after information surfaced during questioning of some arrested accused and others persons. The documents were hidden in a small room of a 'chawl' in Wadala, a central Mumbai suburb. The premises is believed to be that of Nirav Modi (not in name of the company). The billionaire jeweller has refused to join the probe citing his business engagements. The CBI made the first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency. Sharma, a scale-IV officer, was responsible for auditing the systems and practices of the bank's Brady House branch--from Letters of Undertakings (LoUs) were issued-- and report the deficiencies with zonal audit office, they said. Unfazed by Nirav Modi's reluctance to join the probe, the CBI, in a terse letter, "directed" him to approach the Indian mission in the country where he is residing so that immediate arrangement can be made for his travel to India, officials said. The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said. The agency had earlier asked Modi on his official email id to join the investigation related to Rs 12,636 crore scam pertaining to the fraudulent issuance of the LoUs and Letters of Credit (LCs) from Brady House branch of PNB in Mumbai in favour of his and his uncle Mehul Choksi's companies, they said. The quantum of the alleged fraud perpetrated in the bank by billionaire jewellers Modi and Choksi stands close to USD 2 billion after the teams of the CBI and PNB found fresh LoUs and LCs worth Rs 1,251 crore related to Choksi's Gitanjali group of companies. The PNB had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion). The LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant. In case of default, the bank issuing the LoU has to pay the liability to credit giving bank along with accruing interest. It is alleged that LoUs and LCs worth close to USD 2 billion were issued to the companies of uncle-nephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT (Society for Worldwide Interbank Financial Telecommunication) messages. These messages were allegedly not entered in the banking software of the PNB to bypass surveillance.

PNB fraud: CBI recovers documents related to LoU from 'chawl'; arrests another executive

Lou, News on Lou, stories on Lou, articles on Lou, Lou stories at Wion, Lou news, Lou latest news